Home / Author Archives: Zach Koppang (page 40)

Author Archives: Zach Koppang

US stocks steady ahead of global economic talks

LONDON (AP) — U.S. stocks are little changed as investors weigh first quarter results from several financial companies and look ahead to weekend meetings on economics and oil. Oil prices slipped early Friday, dragging energy companies lower. Citibank said first quarter profit declined sharply, but results beat expectations and Citi shares rose 2.4 percent. This weekend, finance ministers from leading ...

Read More »

US stocks slip as oil prices skid ahead of OPEC meeting

oil stock, crude price

NEW YORK (AP) — U.S. stocks are taking small losses Friday morning as energy companies are slipping with the price of oil. Citigroup became the latest bank to report weak but better-than-expected results for the first quarter. MORNING RUSH: The Dow Jones industrial average fell 28 points, or 0.2 percent, to 17,898 as of 10:10 a.m. Eastern time. The Standard ...

Read More »

BP chief suffers shareholder revolt over $20M pay pack

LONDON (AP) — British energy producer BP has suffered a revolt by shareholders who objected Thursday to increasing Chief Executive Bob Dudley’s pay package by 20 percent after profit plunged last year. Almost 60 percent of shareholders rejected the remuneration report, which awarded Dudley a $19.6 million pay package even though the company experienced a drop in profit and planned ...

Read More »

MidAmerican announces $3.6 billion wind turbine project

DES MOINES, Iowa (AP) — Des Moines-based MidAmerican Energy Company says it plans to spend $3.6 billion on a wind turbine operation that will generate up to 2,000 megawatts of electricity. Bill Fehrman, the utility’s CEO and president, announced the project Thursday at an event in Des Moines attended by Gov. Terry Branstad and other state officials. Officials say the ...

Read More »

AAA: retail gasoline prices up in Texas, nationally

COPPELL, Texas (AP) — Retail gasoline prices in Texas and across the U.S. are up this week. AAA Texas on Thursday reported the statewide average rose 3 cents this week to reach $1.90 per gallon. Nationwide gasoline prices jumped 6 cents, to reach an average $2.10 per gallon. Amarillo has the cheapest gasoline in Texas this week at an average ...

Read More »

Ex-Green Party hopeful gets 4-day sentence for sit-in

BATTLE CREEK, Mich. (AP) — An ex-Green Party candidate for U.S. Senate who was convicted of illegally protesting a new oil pipeline will spend four days in jail on probation violations. The Battle Creek Enquirer reports Christopher Wahmhoff received the sentence Monday in a Calhoun County courtroom. He pleaded guilty to the violations after authorities said he hadn’t paid restitution ...

Read More »

Peabody Energy, largest US coal miner, seeks bankruptcy protection

NEW YORK (AP) — Peabody Energy, the nation’s largest coal miner, has filed for bankruptcy protection as a crosscurrent of environmental, technological and economic changes wreak havoc across the industry. Mines and offices at Peabody, a company founded in 1833 by 24-year-old Francis S. Peabody, will continue to operate as it moves through the bankruptcy process. However, Peabody’s planned sale ...

Read More »

2 workers killed, 1 hurt in South Texas pipeline accident

WOODSBORO, Texas (AP) — Officials say two workers have been killed and another was hurt during a high-pressure release as the men did repairs on a South Texas gas pipeline. Refugio (ray-FYOO’-ee-oh) County authorities say the accident happened Tuesday afternoon at a Southcross Energy Partners plant near Woodsboro. Justice of the Peace Lorraine Lopez says two of the men were ...

Read More »

Xcel plans big new wind-power plant in eastern Colorado

DENVER (AP) — Xcel Energy says it plans to build the state’s largest wind farm in eastern Colorado with enough turbines to generate 600 megawatts of electricity. The company announced the plan Tuesday but gave few details. David Eves, president of Xcel’s Colorado operation, said the wind farm would occupy land in several counties but declined to say which ones. ...

Read More »